- Perfect Corp. (PERF, Financial) exceeded EPS expectations by $0.01 with a GAAP EPS of $0.02 for Q1.
- Despite a 12% increase from last year, revenue fell short by $0.15 million, totaling $16.01 million.
- Analysts forecast a robust upside of 117.46% based on average target prices.
Perfect Corp. (PERF) recently reported its first-quarter earnings, revealing a GAAP EPS of $0.02, which outperformed analysts' expectations by $0.01. While this is a positive indicator for the company, the revenue story paints a different picture. Despite achieving a 12% increase compared to the previous year, the revenue stood at $16.01 million, slightly missing the forecasted figures by $0.15 million.
Wall Street Analysts' Forecast
Analysts have set their sights on Perfect Corp. (PERF, Financial) with a one-year average price target of $4.11. This forecast is based on insights from four analysts, with the projections ranging from a low estimate of $3.44 to a high of $5.00. Currently trading at $1.89, these targets suggest a substantial potential upside of 117.46%. For additional insights and more in-depth data, visit the Perfect Corp (PERF) Forecast page.
The brokerage firms' consensus places Perfect Corp. (PERF, Financial) at an average recommendation of 2.3. This rating indicates an "Outperform" status, suggesting that analysts are optimistic about the company's future prospects. The recommendation scale ranges from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell.
Overall, while Perfect Corp. shows promising EPS results, the revenue shortfall poses questions about the company's growth trajectory. Investors should consider these factors alongside the optimistic analyst predictions when evaluating the potential of Perfect Corp. (PERF, Financial) as an investment.
